Search the Community
Showing results for tags 'SDVOSB NEW JOINT VENTURE RULE'.
Found 1 result
I have reviewed the regulations for SDVOSB and VOSB joint ventures. My question is regarding 38 CFR Sec. 74.1 For VA contracts, a joint venture must be in the form of a separate legal entity. Q: Does the VA require that this "separate legal entity" be incorporated (LLC or corp) in the state where the JV is located OR can the JV be unincorporated (thus treated as a general partnership) In other words, will the VA accept that a SDVOSB joint venture as a "separate legal entity" if the JV has an written agreement in place, obtains a tax id and plans to be treated a a general partnership for tax purposes? OR does the VA take the position that it does not recognize an unincorporated JV as a "separate legal entity"